ATMI Sells Fab Services Business to Materials Support Resources
July 01 2004 - 11:53AM
PR Newswire (US)
ATMI Sells Fab Services Business to Materials Support Resources
DANBURY, Conn., July 1 /PRNewswire-FirstCall/ -- ATMI, Inc.
(NASDAQ:ATMI), a supplier of materials and materials packaging to
the world's leading semiconductor manufacturers, today announced it
has sold its semiconductor fabrication plant parts cleaning
services business, "Fab Services," to Materials Support Resources
(Delaware), Inc., effective June 30. Gene Banucci, ATMI Chief
Executive Officer said, "Materials Support Resources offers ATMI's
Fab Services clients and employees a company whose sole focus and
expertise is semiconductor tool maintenance and service. Materials
Support Resources has extended employment offers to Fab Services
employees, and is already devoting additional resources to
expanding its customer support, reach, and penetration." Dan
Sharkey, ATMI Chief Financial Officer, said, "This sale includes
the operations at five locations, in Arizona, New Mexico, Texas,
Oregon, and Ireland. ATMI expects to recognize a gain slightly
above book value." Larry Kenney, President of Materials Support
Resources (Delaware), Inc., said, "Our focus is on supporting our
customers' needs for superior tool maintenance services. Acquiring
the operations of ATMI's Fab Services business gives us the
critical mass that moves us into the top tier of global fab and
tool support services. We now have the dedicated resources to
support the entire maintenance network from repair, spare parts
management, parts cleaning, refurbishment, and value-added
engineering to reduce the customer's total cost of ownership."
Materials Support Resources (Delaware), Inc., is a wholly-owned
subsidiary of Support Resources Holdings which provides
Semiconductor Manufacturers and Equipment Suppliers a total
outsource solution for system repair and maintenance including
parts management, cleaning, refurbishment, engineering upgrade
support, and automated service software all designed to lower the
total cost of system maintenance. For more information, please
visit http://prismsupport.com/. ATMI provides specialty materials
and materials packaging to the worldwide semiconductor industry. As
The Source of Semiconductor Process Efficiency, ATMI helps
customers improve wafer yields and lower operating costs. For more
information, please visit http://atmi.com/. Statements contained
herein that relate to ATMI's future performance, including, without
limitation, statements with respect to ATMI's anticipated results
of operations or level of business for 2004, or any other future
period, are forward-looking statements within the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Such statements are based on current expectations only, and are
subject to certain risks, uncertainties, and assumptions,
including, but not limited to: changes in semiconductor industry
growth; ATMI's markets or customer interest in ATMI's products;
competition, problems, or delays developing and commercializing new
products; problems or delays in integrating acquired operations and
businesses into ATMI; technological changes affecting the
competencies of ATMI; problems or delays associated with any
restructuring and proposed divestiture activities; unanticipated
internal and/or third-party delays; and other factors discussed in
ATMI's filings with the Securities and Exchange Commission. Such
risks and uncertainties could cause actual results to differ from
those projected. ATMI undertakes no obligation to publicly update
or revise any forward-looking statements, whether because of new
information, future events or otherwise. DATASOURCE: ATMI, Inc.
CONTACT: Dean Hamilton of ATMI, +1-203-207-9349 Direct, or
+1-203-794-1100, ext. 4202, Web site: http://www.atmi.com/
http://prismsupport.com/
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